However, I must report seeing for a brief moment on Livecoinwatch XMR's market cap exceed Dash's. Sorry, wasn't fast enough to grab a screencap. I expect #TheFluffening to intensify, solidify, stabilize, and finally accelerate. The trend is our friend! https://i.imgur.com/Yg0rE2O.pngI just saw it on coinmarketcap.com, popped in here for the lols - no longer 'fleeting':  |
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One good rhythm guitarist is worth more than 100 noisy, self-centered "lead" guitarists with all their goofy effects pedals and total lack of self control.
You nailed it. My career used to be in the business, I ran labels. Lead guitarists clever enough to play less and leave some space were the only I could stand. Great, solid rhythm guys are way rarer. |
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Or is it now Dave, Craig and Phil...? It sounds like three members of a really bad rock band. As I started reading I thought Scronty was Craig, but then.... Has this turned it up to 11? |
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Goddamnit... Gotta come in here and fix your fucking memes...  Totally classy, Bob. With the extra time you'll have, I am looking forward to the meme standards here being lifted to new heights. |
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What website is that? Why does it leave out cardano neo stellar ripple and eos?
I was just looking at that and we're 12 with 'all' coins in. A less than 10% leg up and Monero is above Dash and Iota into the top ten. That would be enough to make me smile - and it's entirely plausible and not even a USD ATH for XMR. Any serious move of even a quarter of Johnny Mnemonic's predicted rise and....  |
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https://www.youtube.com/watch?v=ygjJjDRrIwIBlock Digest Under the Microscope #1 - Monero The first in what is hopefully a regular series of in depth skeptical breakdowns of alternative cryptocurrency projects by JW [Weatherman]. (Special thanks to Fluffypony for being a good sport and participating) too tired for this now, but should be interesting. (possible summary tomorrow unless bitserve beats me to it) Fluffypony / Riccardo is kind off cool in this, he put up (patiently) with being called a scammer (which anyone reasonable can see he genuinely is not) and argued politely with someone who freely admitted he knew little about the coin - and showed it. FP was noble, affable and for me won hands down in the face of an ignorant onslaught of presuppostion and unfounded assumption. OK, Monero may not be 'the one' or even close it - but in this shitstorm of scam coins, it's way better than most. Total respect for taking a call from someone who was never going to change his (not exactly 'well-informed') stance, but still coming out well. i would not hvr had hi patience. |
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'Bitcoin is dead/dying' FUD being spread by Aminorex.
...they own up to their most massive counterfactual mistakes and perhaps explain to their flocks how/why they managed to get it so wrong.
Yeah, the fee crisis is over, for now at least, and whether it will repeat I am not now competent to speculate. I should learn to keep my mouth shut when I am not following current events. I was quite wrong about s2x, because core was able to act while I was expecting even more stagnation. That error, again, is attributable to neglecting the current available information about the internal dynamics of core. I was also quite wrong about Bitcoin Cash, which has far exceeded my expectations. I don't even know enough to say why. Once you know something well, you can make more reasonable projections than before, but if you don't stay up-to-date on the most important factors, in a dynamic environment, that potential degrades rapidly. My takeaway is to remember to check whether my info is still pertinent rather than repeating old conclusions without updating. I have done it before, so shame on me for not learning from it then. It is easy to get cocky and sloppy after a few wins, and a hard reality check is good for the soul, focusses the mind. So thanks for pointing it out. Frankly I am not paying enough attention to classic crypto lately for anyone to hang on my words about it. I try to get the big picture, but my detail attention is currently consumed by lawyers and web plumbing for a CEF. C'est la guerre. You have more enough credit here to be fallible once in a while, your unstinting support for Monero is admirable, as is your noble mea culpa. FFS keep your insghts coming? Ok, yes - some I disagreed with, but some of them brought me here in the first place and then later kept me holding through tough times. All were - and always will be - welcome. |
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Only when btc stays around a certain level for a while, that's when the alts seem to rally.
Interesting observation. Altcoins do well against bitcoin when bitcoin trades sideways but tend to stick with it on the upside and downside. I need to look at some historical data to see how true this is. Interested if other people think they have observed this. that's what I've noticed, but I've only been in crypto for half a year.. So interested what others think! I think the problem is that Monero (as with other coins) can flip from tracking BTC to an inverse tracking of it according to mood. I have seen Monero actually increase in value in BTC/XMR at the same time as Bitcoin rises against USD. This happened often from November 2016 through to late summer 2017. At other times it seems to track the opposite way - effectively acting as a hedge - which it has done for long periods in the past, too. In terms of USD overall - BTC going down means XMR does too (in USD value), but it's not as simple as that. I welcome further thoughts on this, but I have tried to work it out and I am not sure firm and predictable rules really exist - especially as Monero has use cases and demand for it that Bitcoin does not. |
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It remains to be seen whether a settlements network can be salvaged from the ashes of the house Satoshi built and the core team burned down. I would not invest in bitcoin now, simply because it is not useful now, and I have no confidence in the salvage crew.
A blind, arthritic and demented standard bearer does not seem like a good thing to me. Lack of utility, if it persists, will surely bleed its value inexorably down. I hope I am proven wrong because the wake of a sinking titan can capsize numerous lesser vessels. Even a sound one will be tossed brutally in those swells.
I know Bitcoin has been slipping in your estimations, and I agree in many ways it has lost its way. Maybe it's wishful thinking on my part that it recovers its credibility, and remains as the market driver in CC, because if it sinks - rather than is gradually surpassed - I think a crypto as a whole is in for a very long and painful time before it finally sorts itself out. Not only does it have a use case, but it is actually fit for purpose. At least one of ten ICOs has a plausible, or even a legitimate and viable use case and hence a niche. But far fewer are actually fit for that use, and all have much narrower niches than monero, save perhaps transparent liquidity and possibly even contracts. What is the likely successor to BTC for liquidity? Well, LTC transfers per unit of market cap are vastly higher than BitcoinCash, so it is looking remarkably and surprisingly useful, in addition to it's tenure.
I don't think ETH is a robust contracts platform. All the larceny is sufficient to discredit ETH. Usability is still at the squat toilet level. But...It could be a long while before a 10x better platform emerges - and that is usually what it takes to displace an incumbent, a 10x ROI.
I didn't say I thought ETH was any good, just that smart contracts will have a use. I agree it is a mess and it will be surpassed. As for LTC, maybe it's simply just the faster block rate that makes it slicker. However, can it take over BTC when it is so similar and likely to have the same issues when under the same scrutiny and pressures? I doubt it - but I note your thoughts. As always your posts set me looking at things from a different angle. |
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Shouldn't an Economist at the NYU at least be smart enough to factor out the monetary supply? Would sure be nice to see someone in such a position making educated assessments rather than spreading propaganda or bullshit statements that don't hold under scrutiny. https://twitter.com/Nouriel/status/962479746444652544I think the keyword there is 'economist'. Because as we all know just how great economists are at predicting crashes - after they all saw the 2008 crash coming and warned us in advance. |
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Criminally undervalued, Can't wait for ledger integration too.
Literally the only technology in the world that can successfully accomplish the function it's claiming
I have a new unwrapped ledger waiting for it, too. |
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The Wall Observer doesn't show signature campaign stuff. It gets turned off there to stop daft nonsense posting for the sig campaign credits.
If only....
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2019 is the year. Emissions falls silly low.
I expect explosions
Like 1000 USD or higher? I still think 1000 is possible in 2018 I bought monero because I liked monero. Unfortunately it refuses to do anything other than follow bitcoin around everywhere it goes like some sort of lost puppy. It's stupid and annoying but it is what it is. So anyway, the point being, it looks like its going to depend a lot on what bitcoin does. It might outperform bitcoin. We can hope it does of course. There are good reasons to expect that it will. But it doesn't look like its going to climb in value unless bitcoin does also. So you want to figure out how well monero is going to do in 2018? First figure out what you think bitcoin is going to do. I almost wish bitcoin would die, even though the price of everything in the sector would crash, just so that everything could break free and we could have a dynamic and competitive market with internal relative price discovery. You know, so that the good projects could actually be separated from the bad. So that the crypto sector could improve based on bad projects dying and good ones absorbing their capital. Instead we have an entire sector that moves togather in one direction or the other irrespective of whether the individual projects are actually garbage. Frustrating. Hmm..... I understand, but Bitcoin created the entire CC sector, and cut the path through the forest that Monero and other currencies will tarmac and make solid. Maybe crypto is like PMs where gold is still king after thousands of years. Or maybe its more likely is that the model is more like the internet's development with a 'dotcom boom' which few (if any) of the big early stars survived. There is no doubt the market will have innovation, and new names will proliferate - equally most coins must die, since the entire market is driven by speculation about which tech will actually survive and be useful. Time will tell of course and we will look back and laugh remembering the stars that shot high in our skies and then burned out. Surely before too long, it will be impossibly expensive to launch new products into this crowded space when it is not feasible that more than a few can really survive. There will soon probably be a 'big coin' index, and a 'minor wannabe' market for penny stock type coins. Coinmarketcap is already a joke. Bitcoin's main appeal was that it allows the movement of value peer to peer via the net without interference. This is what crypto as a whole is about. Blockchain, the decentralised ledger is a huge innovation in accounting - privacy is an important feature too - people thought Bitcoin had this early on, but of course it does not. Crypto potentially bypasses traditional banks, grants more user control and allows a vision of money being 'smart' too. Leaders in sectors should survive but technology competition will mean coins will try to adapt and serve as many use cases as they reasonably can. Smart contracts will survive and evolve through blockchain tech adoption. Micropayments are necessary, as are irreversible and traceable large ones. Private ones will be useful too. Will all these things and more be available in every coin? I doubt it, as there are not ways to be all things to all men without balancing functions in the code and way coins work. Will POS survive, will traditional blockchains become less popular? Maybe. Will all coins be private? No. Near term - Bitcoin should and I hope, will survive. Its robustness (anti-fragility) is legend and so it is and will be for some time the standard bearer for all crypto. A failure in Bitcoin will set all crypto back a long way. Medium term, as coins die and new ones are less welcome, there will be great consolidation into a few existing coins and a few new ones to come. No one will take the risk on new coins easily once most tedn to wither and die. Monero has a lead for being perceived as honest and unflashy. And it has a use-case. As long as the use case is required it will be hard for other coins to take over its place. Optional privacy may be added to other coins, but Monero's privacy by default is the only way, so it has a good chance of being one of the 'few' to make it. |
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Damn - been out for dinner and missed the dip on Stamp by $4. Set buy at 8166 and it dips to 8170. C'est la vie...  still hope the girl was worth every satoshi you missed!  Yes, hourly candles were all green, pretty close to my ATH. Definitely a HODL. Sometimes it's worth missing a few satoshis. Life can surprise you and be even better than watching charts Now if you'll excuse me, having caught up the thread, I'd better take her up some breakfast. |
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Hey, Whales...
You know what?
There's only some of you - but there's fucking millions of me.
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Damn - been out for dinner and missed the dip on Stamp by $4. Set buy at 8166 and it dips to 8170. C'est la vie... EDIT:'conspiracy theory (must be TBTB)', nothing else can possibly explain it. |
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The last time a duck came in was Kwukduck around Jan 5th as he seemed to get all excited about coins like Verge and some POS thing 'surpassing Monero'
The low that day was around 0.020 - but for the next five days we had big green candles and then ran up up to 0.032... Epic troll fail.
Haven't seen wankalone for ages either, I guess he shorted himself out of the game, too.
So let's give the sad misguided ducks and wankers a few bread morsels - with their record, we probably need to encourage them.
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I think Moneros days are counted.
With the technological advancements in privacy combined with DAG blockchains Monero no longer holds a key position in the crypto space and seems like a really bad investment at this point.
and what indeed do you suggest holds said key position? What's it like to be such a fucking dope? All those private DAG coins. Christ what a retard. Please tell me your hopes are pinned on a snarks based dag? I can't wait for you to lose your money. It's Darwinian, you don't deserve the money in your pocket, smarter people are due to take it from you. Can i quote you on this when Private DAG are taking all capital and your Monero holdings are vaporizing into thin air? Monero suffers the same fate as Bitcoin, being unscalable, expensive in transactions and an environmental disaster. You have a choice. - Extremely scalable free instant transactions without a significant environmental impact. - Limited slow expensive transactions that destroy our environment. Boy, what a hard choice... What is with Monero trolls all having an affinity with ducks? I mean you are more welcome than you realise, as you increase the Monero Trolling Index (which is always a bullish indication) but PLEASE be original - or if that's you, Kwukduck - did you lose your old account through bad security? Or perhaps privacy issues...? |
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Ok I'm a couple of paragraphs into this MoneroV-Roadmap and I can say with certainty this is complete fud. Unfortunately, Monero has suffered from several drawbacks. Please continue. Lets hear about all these drawbacks. For example, Monero's infinite coin supply Bullshit. The tail emission is useful. It's a great feature. It means that there will always be a reward for miners and if you look at the amount that is being produced it will never create significant inflation and so never negatively impact users except to the extent which they are paying for the necessary service of securing the blockchain. the centralization of decision making that prevents the implementation of new features This is wrong on multiple levels. It's like an onion. It has layers of wrong. First of all the decision making is not centralized. Has anyone ever submitted a useful pull request and had it denied by some sort of monero overlord? Second if monero were centralized that would ASSIST in the smooth implementation of new features. One could argue that it wouldn't be worth the cost but it would help new features be implemented more easily. And finally, monero has no problem implementing new features. Our dev team implements new features all the time. The scaling issue of a bloated blockchain, the high transaction fees This problem is hard. Lets see you guys go solve it so easly. You say you are going to. Well I'll believe it when I see it. And you have to do it without breaking any of the existing core features. That means RingCT must remain intact. Better get to work. and the growing hash rate that is mainly based on mass usage of botents and unsuspected browser based miners that prevents genuine miners to compete. First of all, who the hell cares where hashing power comes from? Who are you to judge that a botnet isn't "a genuine miner". What they are doing may be unethical but it doesn't make their hashrate contribution not genuine. And how are you going to solve this anyway? It is a natural outgrowth of the fact that one of moneros useful and good features is that cpu's are competitive with gpu's and it is ASIC resistant. Some critical flaws that cannot be fixed rapidly due to Monero's voluntary donation based development process has deterred Monero’s widespread adoption. Oh yea let me tell you. It's such a problem that no one premined monero. That's just what we need. Some brave soul to fix that problem for us. Due to these circumstances, it is better to create a hard-fork split that will indefinitely fix these problems. Oh someone is going to fall on that sword for us! Chivalry isn't dead. MoneroV adheres to core Austrian school of economics principles and caps the total amount of XMV coins that can be created to 256 million Right because the Austrians dont support a gold standard or anything, and gold doesn't have, oh lets see, a tail emission. GTFO. That's it guys. I think I'm going to lose my lunch if I go any further. This is far enough. Thanks for dealing with this, I read it a day or two back and was fuming, too. But if the information is disseminating, a proper critique is good to have on record. On the upside imitation is the sincerest form of flattery - so for a fork to happen does actually confer status on Monero, shit coins are not often forked, just good ones. Yes, it's annoying, but it will not hurt Monero, just increase awareness. It cannot be better, but it can increase the value (and price) of the coin it poorly imitates. |
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(snip....)
The underlying question, of course, is: How can smaller creatures - human, tunas, herrings and minnows - see it coming?
This is a huge, but probably unanswerable question. But it is one that anyone smart is always hoping to find the answer to. Markets are all about confidence and sentiment, so (sadly) there is no perfect answer, even though with hindsight patterns do repeat. But patterns can always be seen in the past and look obvious - seeing them coming again is not so easy. Like Elliot waves; it's always debatable 'which wave' we are in. For long-term trend prediction (the big turning points), I think indicators of irrational bullishness /bearishness are as good an indicator of anything a crash, or rise is coming - but this is unmeasurable mathematically. Short term - personally - I draw lines on charts endlessly, decide my favourite candle time scale and which MA to trade on and it usually 'helps' - but only enough to give me an edge. And it's an edge that works only if you work hard and spend a LOT of time on it. I did sell off 20% in Dec, which was as much as I dared to because it was enough to change my life significantly - and I didn't know what the tax situation in my country was likely to mean for what I took out (plus it was still going up!). I felt strongly we would probably correct, and I remembered 2013, so I took 'some' out. I advised members of my close family who had anything to do the same (they chose not to). I will say this: With trends (not short term trading), the only thing that has worked for me is two methodologies: 1. Gut feeling (along with mentally preparing to 'sell to too early, if it's enough money to make a difference') 2. Listening to Tera. Well, while you can't predict where in a given pattern we are at any given moment, you can use historical data to get a probability of certain patterns unfolding on different time scales. And to be profitable all it takes is to be right just over 50% of the time, which is something that isn't extremely difficult in inefficient markets. That does take a very specific toolset though, so it's not for everyone by default, although the required skills can be acquired by anyone. The problem is that figuring out the details takes a very long time, and humans are pretty dreadful when it comes to long-term planning. I think what d_eddie was quite reasonably asking was 'what can we learn so that can we see the big stuff coming in future', since most here did not. I use TA and in normal conditions I can trade with enough edge for it to work well enough to be worthwhile, after five years, I ought to have learned something - but I didn't know where the top was, and I am not totally certain BTC has bottomed out. To be really good, you need to sell all at the precise top, and then buy it back at the absolute bottom. I doubt anyone actually did. Perfection is not possible, but getting closer to it is a noble and sensible quest. Without investing tons of time, treat it like anything else: copy a pro, and fake it til you make it. TERA is a pro. Max gains is not realistic - selling too soon for GOOD gains flat out destroys panic selling on the way down, over the long term. You might catch a top or a bottom just right here or there, but never enough to beat the average of always good. Yup, I agree. And I saw TERA slammed in '13 and again this time around. She gets closer than most, so people like her and Aminorex I tend to listen to carefully. It's at least nudged me towards making a couple of investment decisions I have benefited from enormously. You are of course well aware of what one of them was |
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